Published on 11/11/2015 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $4.64 million market-linked notes tied to Russell 2000
By Marisa Wong
Morgantown, W.Va., Nov. 11 – Toronto-Dominion Bank priced $4.64 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due May 4, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 25.5%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
TD Securities (USA) LLC and Wells Fargo Securities, LLC are the agents.
Issuer: | Toronto-Dominion Bank
|
Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
|
Underlying index: | Russell 2000
|
Amount: | $4,638,000
|
Maturity: | May 4, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.5 times any index gain, capped at 25.5%; par if index falls by up to 10%; exposure to any losses beyond 10%
|
Initial level: | 1,161.863
|
Buffer level: | 1,045.6767, 90% of initial level
|
Pricing date: | Oct. 30
|
Settlement date: | Nov. 4
|
Agents: | TD Securities (USA) LLC and Wells Fargo Securities, LLC
|
Fees: | 2.49%
|
Cusip: | 89114QTY4
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.